Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 144,711,000, a decrease of 3% compared to HKD 149,889,000 for the same period in 2024[8] - Operating profit increased to HKD 9,224,000, up 7% from HKD 8,617,000 year-over-year[8] - Net profit for the period was HKD 6,445,000, down 8.6% from HKD 7,049,000 in the previous year[8] - Basic and diluted earnings per share were HKD 1.40, compared to HKD 1.44 for the same period last year[8] - For the six months ended June 30, 2025, the total revenue was HKD 144,711,000, a decrease of 3.9% from HKD 149,889,000 in the same period of 2024[21] - The group reported a total segment profit of HKD 8,130,000 for the six months ended June 30, 2025, compared to HKD 8,916,000 for the same period in 2024, reflecting a decrease of 8.8%[24] - The group recorded a profit of approximately HKD 6.4 million for the six months ended June 30, 2025, representing a decrease of about 8.6% compared to the previous period[53] Revenue Breakdown - Supply chain management services revenue was HKD 69,103,000, down from HKD 73,210,000, representing a decline of 5.7%[21] - Market planning and sales revenue was HKD 75,608,000, slightly decreasing from HKD 76,679,000, a reduction of 1.4%[21] - Revenue from supply chain management services fell by about 5.6% from approximately HKD 73.2 million to HKD 69.1 million during the same period[49] - Revenue from marketing and sales services decreased by about 1.4% from approximately HKD 76.7 million to HKD 75.6 million, attributed to more conservative consumer spending patterns[49] Assets and Liabilities - Total assets decreased to HKD 134,485,000 from HKD 219,829,000, reflecting a significant reduction in current assets[9] - Current liabilities decreased to HKD 76,423,000 from HKD 165,182,000, indicating improved liquidity management[9] - Cash and cash equivalents at the end of the period were HKD 39,469,000, down from HKD 48,904,000 at the end of 2024[14] - Trade receivables decreased to HKD 63,907,000 as of June 30, 2025, down 34.8% from HKD 98,120,000 as of December 31, 2024[39] - Trade payables significantly decreased to HKD 15,110,000 as of June 30, 2025, from HKD 101,536,000 as of December 31, 2024, reflecting a reduction of 85.1%[41] - The group’s net current assets were approximately HKD 58.1 million as of June 30, 2025, compared to about HKD 54.6 million at the end of 2024[56] - The group maintained a debt-to-asset ratio of 0.00 as of June 30, 2025, indicating no bank borrowings[57] - The group had no bank borrowings as of June 30, 2025, compared to HKD 1,000,000 as of December 31, 2024[63] Expenses and Cost Management - The group incurred total other expenses of HKD 7,086,000, down from HKD 8,149,000 in the previous year, indicating a reduction of 13.1%[30] - Employee benefits expenses increased to approximately HKD 31.1 million from HKD 30.4 million year-on-year[50] - Other expenses decreased by about 13.0% to approximately HKD 7.1 million, primarily due to reduced general office and administrative costs[51] - The company plans to focus on cost management and operational efficiency to improve profitability in the upcoming quarters[19] Dividends and Shareholder Information - The company declared a special dividend of HKD 0.02 per share, totaling approximately HKD 10,037,000, consistent with the previous year[33] - The company plans to pay an interim dividend of HKD 0.01 per share, totaling approximately HKD 5,018,000, for the six months ended June 30, 2025[34] - Major shareholders include Best Matrix Global Limited with 143,796,000 shares (28.65%), Leader Speed Limited with 76,060,000 shares (15.16%), and Orange Blossom International Limited with 82,088,000 shares (16.36%)[68] - The total equity held by directors and their associates includes 97,200,000 shares (19.37%) held by Mr. Yang and 147,764,000 shares (29.44%) held by Mr. Li[66] Corporate Governance and Compliance - The group has complied with the corporate governance code, except for the deviation regarding the separation of the roles of Chairman and CEO, which is held by Mr. Yang, a co-founder[74] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the six months ending June 30, 2025[75] - The board believes that the current structure of experienced and capable members, including three independent non-executive directors, ensures a balance of power and authority[74] Strategic Initiatives - The company established a wholly-owned subsidiary for marketing and sales in 2023, enhancing its supply chain management and distribution solutions[44] - The group has established two e-commerce stores to enhance sales channels and reduce inventory turnover days[46] - The group expanded cold chain logistics services for a major fast-food chain operating over 250 outlets in Hong Kong, showcasing its capabilities in this area[47] - The group has no significant acquisitions or disposals as of June 30, 2025[61] Taxation - For the six months ended June 30, 2025, the total income tax expense was HKD 1,215,000, a decrease of 10.6% from HKD 1,359,000 for the same period in 2024[31] - The deferred tax expense increased to HKD 704,000 for the six months ended June 30, 2025, compared to HKD 239,000 for the same period in 2024[31] Risk Management - The group will continue to monitor foreign exchange risks and consider hedging significant foreign currency risks as necessary[58]
环宇物流(亚洲)(06083) - 2025 - 中期财报